Has reached in-principle agreement with Hartleys Ltd and Tricom Equities to raise approximately $6.5 million through the placement of 4,000,000 shares at $1.62 per share.
Advise that escrow restrictions in respect 2,000,000 ordinary fully paid shares and 2,000,000 options expiring 11 March 2009 will end on 11 March 2005.
The restrictions on 7,951,445 quoted securities subject to voluntary escrow have been released following the release to the ASX of iiNet’s half year result to 31 December 2004.
Has entered into a joint venture with Matador Exploration Inc which will ensure funding for recently announced option to purchase the Coolgardie Gold Project and Three Mile Hill processing plant,
Has made an application for an Exploration License (E70/2740) 15km south of Dongara to secure a source of lime in the Mid West region of WA. Negotiations for a heritage agreement for the EL have comm
Has entered into an agreement with Hannans Reward NL whereby Hannans has granted to Nickel Australia the sole and exclusive right to undertake an exploration program on the Queen Victoria Rock project
Term of the Argyle air services agreement has been extended to complete on 31 October 2006 and has extended contract to fly a new route to Kununurra via Argyle and return to Perth twice a week.
Has entered into an agreement to license PCC ® (VRI’s proprietary probiotic) to another of Australia’s largest food companies for the development of a range of functional food products.
Has signed a Memorandum of Understanding with Pyro Copper which owns granted Mining and Production Sharing Agreement number 153-2000-1 with an area of 4,360 hectares and covering the old Barlo Copper
Has purchased a total of 9.0 million shares in Asia Iron Holdings Ltd from two of AIHL's founding shareholders for $2.475 million. The acquisition will increase the Company's shareholding in AIHL fro
Has purchased 9,000,000 shares in Asia Iron Holdings Ltd for $2.475m. The price will be satisfied by the issue of 4.95 million shares at $0.50 to the vendors.
